UK economic outlook boosted by higher-than-expected Euromillions yields

Chancellor George Osborne today used his budget speech to highlight the successes of the government’s fiscal policy, drawing particular attention to the increase in GDP brought about by a number of recent high value UK Euromillions returns.

With unemployment at nearly 8%, the most radical austerity measures in living memory, soaring living costs and consumer confidence at its lowest since the last Conservative government, Osborne explained how the UK was now “perfectly positioned to leverage its position as the luck-leader” among Eurozone countries.

A group of 12 bus drivers from Northamptonshire became the latest beneficiaries when their consortium scooped a £38m dividend. This came hot on the heels of previous UK windfalls of £161m, £121m, £96m, £78m and £44m, which the Chancellor was keen to point out had added over half a billion pounds to the British economy.

“Everyone knows schemes like this are a lottery and statistically you’re more likely to get hit by lightning or die of cancer” he said. “So it’s all about nurturing the right investor sentiment – that is, utter desperation and blind faith”.


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Posted: Mar 27th, 2012 by

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